ob体育 has assisted employees gain access to the Fair Entitlements Guarantee scheme (FEG) by exercising its wind-up powers and appointing liquidators to 17 abandoned companies in the 12-month period ending 30 September 2018.
Because ob体育 appointed the liquidators, employees of these 17 companies can now apply to recover owed unpaid employee entitlements. The 17 abandoned companies owe at least 32 employees more than $570,000 in employee entitlements.
The appointment of liquidators also facilitates a full and proper investigation into the reasons why the companies failed and allows recovery of any voidable or unreasonable director-related transactions that can potentially be returned to creditors.
ob体育 made the following nine appointments from a new panel of liquidators who can be appointed to abandoned companies.
|
Company |
Current panel liquidator and firm |
State |
|
Financial Wellness Pty Ltd 听 |
Andrew Heard of Heard Phillips 听 |
SA |
|
The Perfume Parlour West Lakes Pty Ltd 听 |
Simon Miller of Clifton Hall 听 |
SA |
|
Gladstone District Transport Logistics Pty Ltd 听 |
James Imray of Rodgers Reidy 听 |
QLD |
|
Controlability Pty Ltd 听 |
John Goggin of Worrells 听 |
NT |
|
Mansion Showgirls & Nightclub Pty Ltd 听 |
Mitchell Herrett of RSM Australia Pty Ltd 听 |
QLD |
|
Cardcorp HDP Pty Ltd 听 |
Michael Billingsley of Deloitte 听 |
NSW |
|
Metro Power Pty Ltd 听 |
Michael De Rooy of FTI Consulting 听 |
NSW |
|
DC2 Pty Ltd 听 |
Paul Allen of FTI Consulting 听 |
VIC |
|
Bosco Corporations Pty Ltd 听 |
Shabnam Amirbeaggi of Crouch Amirbeaggi 听 |
NSW |
Prior to February 2018, ob体育 made eight appointments under the previous (now expired) panel as follows:
|
Company |
Expired panel liquidator and firm |
State |
|
The Le Page Group Pty Ltd 听 |
Jason Tracy of Deloitte |
WA |
|
M&JS Pty Ltd 听 |
Leigh Prior of Pitcher Partners 听 |
SA |
|
Jeff's Shed Furniture & Rug Warehouse Pty Ltd 听 |
Simon Wallace-Smith of Deloitte 听 |
VIC |
|
Platinum Group Qld Pty Ltd 听 |
Tracy Knight of Bentleys 听 |
QLD |
|
Lac Operations Pty Ltd 听 |
Vaughan Strawbridge of Deloitte 听 |
NSW |
|
Dm Garden Creations Pty Ltd 听 |
Ross Blakeley of FTI Consulting 听 |
VIC |
|
Greenwood Pine Pty Ltd 听 |
Steven Hernyk of Deloitte 听 |
TAS |
|
Mechtune Pty Ltd 听 |
Jason Tracy of Deloitte 听 |
WA |
Background
The FEG is a legislative safety net funded by the Australian Government. It is designed to assist employees recover owed unpaid employee entitlements because of their employer company鈥檚 liquidation or bankruptcy. In addition, the Department of Jobs and Small Business operates the 'FEG Recovery Programme'; a programme designed to strengthen recovery activity of amounts advanced under the FEG. More information about it is available .
Some employees owed entitlements cannot access FEG because the companies鈥� directors are either unable to discharge their duties or abandoned their insolvent companies without putting them into liquidation. ob体育鈥檚 appointment of liquidators facilitates access to FEG for these employees. ob体育 first used its powers in 2013 (refer: ) and to date has wound up 110 companies.